Fed Chair Warsh signals slower policy-setting cadence (6 meetings in 2028 vs. 8 currently) and 'wait and see' stance as monetary medicine takes effect despite elevated inflation.
Macro & Markets ·
The Federal Reserve plans to reduce its policy-setting meetings to six annually beginning in 2028, down from eight currently, with the elimination of one interest rate vote set to take effect in Fall 2027. Fed Chair Warsh indicated widespread agreement that monetary measures are gaining traction, though inflation remains elevated and the central bank is adopting a "wait and see" approach pending additional data before charting its policy course.